The 10 Must-Read Articles for Recruiters This Week
In these uncertain economic times, companies are turning to a strategy that hasn’t been seen or talked about much in the 21st century: labor hoarding.
According to a recent article from Inc., there are many reasons why companies want to hang on to their talent, but cost savings may be a leading factor. “[This is] a trend,” Inc. writes, “in which employers decide to ride out the uncertainty with higher payrolls — in order to avoid the long-term costs of hiring and training new people when the economy rebounds. Labor hoarding marks a shift in business owners’ go-to strategic response to recessions — namely, cutting your labor force to preserve short-term profits.”
To learn more about labor hoarding and what its impact could mean for recruiters, be sure to check out the top spot on our list below of must-read articles for talent professionals. And further down our list, you can find out why one global economist is describing the job market as an “inferno”; why tech recruiters in particular are struggling right now; and why one writer believes “women are in the midst of a revolutionary reckoning with our ambitions.”
Here are the must-read articles from this week:
1. Why Economists Are Talking About ‘Labor Hoarding’ and What You Need to Know About It (Inc.)
2. Why Is ‘Quiet Quitting’ a Thing? (Essence)
3. The Economy Is Starting to Cool — But the Job Market Is ‘Like an Inferno’ (CNN)
4. How to Help Refugees — and Your Company — by Hiring from This Overlooked Talent Pool (LinkedIn Talent Blog)
5. From Boom to Gloom: Tech Recruiters Struggle to Find Work (The New York Times)
6. A Boss Ordered All Workers Back to the Office a Year Ago. He Has No Regrets (The Wall Street Journal)
7. What Comes After Ambition? (Elle)
8. Mental Health Has Become a Business Imperative (MIT Sloan Management Review)
9. Why Some Employers Won’t Give In to Flexibility (BBC Worklife)
10. If You Want This Job, We Must Interview You Forever (The New Yorker)
This week’s must-listen podcast:
How to Hire in the Nordics (The Recruiting Brainfood Podcast)
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